China Huarong Asset Management ex-chairman to be prosecuted: graft watchdog

FAN Editor 6 years ago
China Huarong Asset Management Co Chairman Lai Xiaomin listens to a question from a reporter during the debut of the company at the Hong Kong Exchanges in Hong Kong
FILE PHOTO: China Huarong Asset Management Co Chairman Lai Xiaomin listens to a question from a reporter during the debut of the company at the Hong Kong Exchanges in Hong Kong, China October 30, 2015. REUTERS/Bobby Yip

October 15, 2018

BEIJING (Reuters) – China Huarong Asset Management Co Ltd <2799.HK> former chairman Lai Xiaomin will be prosecuted, China’s graft buster said on Monday.

Lai, former party boss and chairman of the one of China’s biggest financial asset management firms, has been under investigation since April.

(Reporting by Beijing Monitoring Desk; Editing by Stephen Coates)

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